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Moneycontrol News Archive : 9 May, 2008

  • MF NAVs end on weak note as markets decline

    9th May, 2008 23:08

    Equity diversified NAVs continued their weakness and ended lower with negative advance:decline ratio of 1:192 as the markets witnessed huge selling pressure in lat

  • Mkts likely to consolidate & trade ranged: Collins Stewart 

    9th May, 2008 19:34

    Deepak Chhabria, Director-Equities, Collins Stewart Singapore said the market is in a consolidation phase, and is likely to remain ranged. "The Nifty is seen range

  • Batliboi's cons gross revenue up by 113%, PBT up by 22%

    9th May, 2008 19:07

    Batliboi's Consolidated Gross Revenue up by 113%, PBT up by 22 %

  • ENIL announces new appointments

    9th May, 2008 18:51

    ENILannounced the appointment of Alok Purohit as Business Evangelist; Gautam Shahane as Head, Content Alliances; and Prashant Chacko as Cluster Head East all for R

  • Universal Electronics launches universal remote controls

    9th May, 2008 18:33

    Universal Electronics BV launches in India with Universal Remote Controls. UEI is simultaneously launching Active Support, a call center in India; which will provi

  • Seagate Technology's quarterly revenue grows 10% YoY

    9th May, 2008 18:20

    Seagate Technology's quarterly revenue grows 10% year-over-year. Quarterly net income increases 62% year-over-year. Ships approximately 43 million units for the qu

  • Rupee ends higher, bonds lower

    9th May, 2008 18:12

    The spot rupee ended higher at Rs 41.59 per USD as against its previous close of Rs 41.75. The widely traded 8.24%, 2018 paper ended lower at Rs 102.35 as against

  • DLF, Indiabulls bring back S'pore REIT listing from cold 

    9th May, 2008 18:07

    A slowdown in the Indian real estate market meant that DLF Assets, Unitech and IndiaBulls had postponed listing their real estate investment trusts or REITs in Sin

  • Mkt to rally if inflation falls below 6%: PN Vijay 

    9th May, 2008 17:43

    Portfolio Manager PN Vijay said the rally would resume if inflation falls down to 6% and monsoons are good. “The key is to watch for these macro figures, which sho

  • Nokia, S60 smartphone software unveil 3 applications

    9th May, 2008 17:38

    Nokia and S60 smartphone software enrich the mobile user experience with three new applications

  • Titagarh Wagons reports 101% jump in turnover at Rs 640cr

    9th May, 2008 17:28

    Titagarh Wagons Ltd reports 101% jump in gross turnover at Rs 640cr and 108% jump in FY08 net at Rs 60.56cr

  • Trident Hilton Hotels rebranded as Trident Hotels

    9th May, 2008 17:09

    Trident Hilton Hotels’ in India rebranded ‘Trident Hotels’ launches new GDS code “TH”. Trident Hotels are available on all major GDS with “Seamless Next Generation

  • TCL’s LCD bridging gap between technology & style

    9th May, 2008 17:00

    TCL’s LCD segment bridging the gap between technology and style. TCL India Holdings Pvt. Ltd., an emerging Consumer Electronics major from China is the largest m

  • “RSBL SPOT” becoming big time hit among Bullion traders

    9th May, 2008 16:47

    RSBL SPOT (Spot Precious-metals Online Trading), the revolutionary Electronic Over-the-Counter bullion trading platform from one of the India’s largest bullion tra

  • Buy steel stocks: PN Vijay 

    9th May, 2008 16:29

    Portfolio Manager, PN Vijay is of the view that one should buy steel stocks.

  • Stocks to watch: SKF India, Coromandel Fert 

    9th May, 2008 16:24

    Markets witnessed huge selling pressure in late trade today due to weakness in oil & gas, realty, banking, capital goods and power stocks. Sensex and Nifty breache

  • Subprime-hit Citigroup may sell non-core assets worth $400b

    9th May, 2008 16:18

    Hit hard by the subprime mess, Citigroup may present a plan to sell non-core assets amounting to roughly 400 billion dollars. This amounts to nearly 20% of Citi’s

  • RBI Reference Rate for US $ & Euro

    9th May, 2008 16:09

    RBI Reference Rate for US $ & Euro. The Reserve Bank of India’s Reference Rate for the US dollar is Rs.41.79 and the Reference Rate for Euro is Rs.64.01 on May

  • Nielsen appoints Global Head of Customized Research

    9th May, 2008 16:00

    The Nielsen Company today announced the appointment of David Parma to the position of Global Product Leader for the Company’s Customized Research group. In his new

  • RPL adds 25 lakh shares in open interest 

    9th May, 2008 15:50

    From the oil space RPL saw a huge shorting throughout the day 25 lakh shares were added and was down Rs 15 in the spot market a fair bit

  • Fitch assigns AAA(ind)'/'F1+(ind) rtgs to BHEL's bk loans

    9th May, 2008 15:45

    Fitch assigns 'AAA(ind)'/'F1+(ind)' ratings to Bharat Heavy Electricals Limited's Bank Loans. Fitch has assigned ratings of 'AAA(ind)' to BHEL's sanctioned fund-ba

  • Kotak Mahindra MF launches Sensex ETF

    9th May, 2008 15:27

    Kotak Mahindra Mutual Fund has launched Kotak Sensex ETF an exchange traded fund focusing on investing in the stocks that comprise the BSE SENSEX.

  • Rising Re hits Aro Granite’s Q4 bottomline 

    9th May, 2008 15:20

    Sunil Arora, MD, Aro Granite Industries said an appreciating rupee affected the company’s bottomline. He said the company recently bagged blocks from Brazil and is

  • Arvind Mills trips on selling pressure

    9th May, 2008 15:11

    At 3:03 pm, Arvind Mills was quoting at Rs 51.50, down Rs 4.2, or 7.54%. It has touched an intraday high of Rs 56.25 and an intraday low of Rs 51.20. It was tradin

  • TajGVK an outperformer, tgt Rs 225: Spark Capital

    9th May, 2008 15:00

    Spark Capital has maintained outperformer rating on Taj GVK Hotels and Resorts with target price of Rs 225. The stock currently trades at 10.5x FY09E EPS and 8.4

  • KEC Int's net profit for Q4 at Rs 60.66cr

    9th May, 2008 14:59

    KEC International Ltd reported (un-audited) fourth quarter revenue of Rs. 1031 crores versus last year’s figure for the corresponding period of Rs. 643.70 crores.

  • Kotak Mahindra has support at Rs 650: Bhambwani

    9th May, 2008 14:55

    Technical Analyst, Vijay Bhambwani is of the view that Kotak Mahindra Bank has support at Rs 650.

  • Mahindra Lifespaces, BEBL wins residential dvlpmnt project

    9th May, 2008 14:50

    Mahindra Lifespace Developers Ltd. (MLDL) the real estate and infrastructure development arm of the Mahindra Group along with B.E. Billimoria & Co Ltd (BEBL) has j

  • Bombay Dyeing rolls down

    9th May, 2008 14:45

    At 2:38 pm, Bombay Dyeing and Manufacturing Company was quoting at Rs 934, down Rs 49.35, or 5.02%. It has touched an intraday high of Rs 1,007.20 and an intraday

  • SKF India has target of Rs 400: G Shah 

    9th May, 2008 14:43

    Gaurang Shah of Geojit Financial Services is of the view that SKF India has target of Rs 400. It is a 53% subsidiary of SKF Sweden and one of the leading manufactu

  • Textile cos see no immediate benefit of weakening Re 

    9th May, 2008 14:41

    Sunil O Khandelwal of Alok Ind said it is going to quote present exchange rates to buyers. He doesn’t see any significant impact on profitability. Rajendra Hinduja

  • Toonz Animation short listed for the GTS 2008

    9th May, 2008 14:33

    Toonz Animation India Pvt Ltd, one of the premier animation studio’s in Asia has been short listed for the Global Tech Showcase (GTS 2008, www.GlobalTechShowcase.c

  • Garware Offshore to buy new vessel; stk plunges

    9th May, 2008 14:25

    At 2:15 pm, Garware Offshore Services was quoting at Rs 247.50, down Rs 5.35, or 2.12%. It has touched an intraday high of Rs 265.00 and an intraday low of Rs 247.

  • Bharat Bijlee flares up

    9th May, 2008 14:18

    At 2:11 pm, Bharat Bijlee was quoting at Rs 2,400, up Rs 93.35, or 4.05%. It has touched an intraday high of Rs 2,439.95 and an intraday low of Rs 2,323. It was tr

  • Kotak Mah Bank declares result, stock down

    9th May, 2008 14:14

    At 2:05 pm, Kotak Mahindra Bank was quoting at Rs 770, down Rs 12.4, or 1.58%. It has touched an intraday high of Rs 798.95 and an intraday low of Rs 744. It was t

  • Block deal in Idea Cellular, stock slips

    9th May, 2008 14:09

    At 2 pm, Idea Cellular was quoting at Rs 104.25, down Rs 2.15, or 2.02%. It has touched an intraday high of Rs 106.90 and an intraday low of Rs 103.80. It was trad

  • MIC Electronics up on large volumes

    9th May, 2008 14:05

    MIC Electronics was trading with volumes of 41,785 shares. At 1:57 pm, the share was quoting at Rs 916, up Rs 13.40, or 1.48%. The company has board meet on May 19

  • Buy Nelcast, target of Rs 230: Emkay

    9th May, 2008 14:00

    Emkay Research has maintained its buy rating on Nelcast with target price of Rs 230. Nelcast reported 37.2% YoY top line growth to Rs 1139.2 million for quarter e

  • S&P: World Equity markets bounce back in April

    9th May, 2008 13:53

    Standard & Poor’s, the world’s leading index provider, announced today that the world’s developed and emerging markets shook off a fear-provoking month of March wi

  • IATA released its 44th annual Safety Report

    9th May, 2008 13:44

    IATA) released its 44th annual Safety Report.The number of global fatalities declined 19% from 855 to 692, even as passenger numbers increased by 6% to over 2.2 bi

  • NetXcell develops mobile technology-Ad Axis

    9th May, 2008 13:35

    NetXcell Ltd, the pioneers in providing Telecom Application Services today announced that they are soon to launch later this year Ad Axis, which is a comprehensive

  • Buy Bartronics, tgt Rs 312: Angel Broking

    9th May, 2008 13:23

    Angel Broking has maintained buy rating on Bartronics India with target price of Rs 312. Bartronics India (BIL) reported an outstanding 495% yoy growth in its 4QFY

  • Inflation at 7.61%: Experts see it heading to 8% 

    9th May, 2008 13:21

    Inflation for week-ended April 26 is at 7.61%. Gaurav Kapur, ABN AMRO Bank feels that there would be some respite for now. However, Mridul Sagar, Kotak Securities

  • Hold Power Grid, says D Mehta 

    9th May, 2008 13:10

    Dipan Mehta, Member, BSE/NSE is of the view that one can hold Power Grid at current level. If the price were to move up gradually to around Rs 125 to Rs 130 then t

  • Buy Aishwarya Telecom: D Mehta

    9th May, 2008 13:04

    Dipan Mehta, Member, BSE/NSE is of the view that one can buy Aishwarya Telecom. But at this point of time, portfolio planning point of view it is better to go for

  • ITC inducted into the UN Global Compact

    9th May, 2008 12:58

    ITC has been inducted into the United Nations Global Compact, the world's largest global corporate citizenship initiative. ITC’s 4th Sustainability Report, which w

  • Ashok Leyland capex for FY09 will be Rs 1200 cr

    9th May, 2008 12:48

    Ashok Leyland has announced its fourth quarter results. The company's net profit was up at Rs 180.5 crore versus Rs 171 crore.

  • Bank of Rajasthan celebrates its 65th Anniversary

    9th May, 2008 12:41

    Bank of Rajasthan celebrates its 65th Anniversary. BoR has emerged as one of the fastest growing private sector banks. The business of the bank has grown to over R

  • Tea stocks surge on rise in price

    9th May, 2008 12:33

    The Inflation for the week ended April 26 was at 7.61% versus 7.57%. Tea prices for week ended April 26 were up 11%. At 12:30 pm, Assam Company was quoting at Rs

  • Buy Union Bk of India, tgt Rs 230: Emkay

    9th May, 2008 12:31

    Emkay research has maintained buy rating on Union Bank of India with target price of Rs 230. The CASA mix has improved by 180bps yoy as well as sequentially driven

  • Buy Maruti Suzuki, target of Rs 1075: PINC

    9th May, 2008 12:28

    PINC Research has maintained its buy rating on Maruti Suzuki India with a revised price target of Rs 1075. Maruti Suzuki India, MSL net sales rose by only 7.5% YoY

  • Supreme Infrastructure FY08 net up by 50.43%

    9th May, 2008 12:11

    Supreme Infrastructure India reported net income from operations of Rs 156.30 crore, as against Rs 78.03 crore for the FY 2007, an increase of 100%. The net profit

  • Angel is neutral on Asian Paints

    9th May, 2008 12:09

    Angel Broking has maintained its neutral rating on Asian Paints. For 4QFY2008, Angel expects Asian Paints to post a growth of 17.6% and 34.7% in consolidated net s

  • Samsung launches Samsung Guru200

    9th May, 2008 12:01

    Samsung Telecommunications India, design and technology leader in the Indian mobile market, announced the launch of its latest mobile handset - Samsung Guru200. In

  • Accumulate Ashok Leyland, target of Rs 44: Angel

    9th May, 2008 11:56

    Angel Broking has recommended an accumulate rating on Ashok Leyland with a revised target price of Rs 44. Ashok Leyland reported 11.8% yoy jump in net sales for 4Q

  • GAIL India among major losers

    9th May, 2008 11:49

    GAIL India is among major losers on the Nifty. At 11:45 am, the share was quoting at Rs 409.50, down Rs 12.9, or 3.05%. It has touched an intraday high of Rs 422.4

  • Dr Reddys Lab in poor health

    9th May, 2008 11:41

    At 11:37 am, Dr Reddys Laboratories was quoting at Rs 639, down Rs 22.55, or 3.41%. It has touched an intraday high of Rs 653.75 and an intraday low of Rs 637.35.

  • Reliance Petroleum top loser on Nifty

    9th May, 2008 11:33

    Reliance Petroleum is top loser on the Nifty. At 11:31 am, the share was quoting at Rs 189.20, down Rs 7.65, or 3.89%. It has touched an intraday high of Rs 196.60

  • GIC hsg planning to open 7 more outlets in the current yr

    9th May, 2008 11:25

    Loan approved was at Rs 781.56 crore with an increase of 33% YoY. Loan disbursement increased to 38% to Rs 385.44 crore. Loan portfolio was at Rs 2426 crore. There

  • DLF may file for Singapore REIT listing in June: Sources

    9th May, 2008 11:20

    DLF Assets may file for Singapore REIT listing in two months, reports CNBC-TV18 quoting sources. DLF Assets had earlier delayed the REIT listing plans due to volat

  • Brokers bullish on Cairn, Maruti Suzuki

    9th May, 2008 11:14

    Brokerage houses are bullish on Cairn, Maruti Suzuki, Shiv-Vani Oil and Nelcast.

  • Ranbaxy, Merck to sign deal on drug discovery: Srcs 

    9th May, 2008 11:00

    Ranbaxy, Merck will sign a broadbased collaborative research agreement, reports CNBC-TV18, quoting sources, for a new drug discovery. The deal has a staggered paym

  • Re to stabilise in 41-42/$ band: Experts 

    9th May, 2008 10:54

    Hitendra Dave of HSBC India said the speed of fall of the rupee was more surprising rather than direction. If flows remain the same, rupee could stay within 41-42/

  • Unitech has support at Rs 285-290: Gujral 

    9th May, 2008 10:48

    Technical Analyst, Ashwani Gujral is of the view that Unitech has support at Rs 285-290 and it is possible that those supports hold up because the stocks have fall

  • Markets may continue to decline

    9th May, 2008 10:48

    European markets were mixed and little changed last night, while the US indices made moderate gains. However, Asian markets are down this morning, and the global s

  • Cairn India can test Rs 300-360: Gujral 

    9th May, 2008 10:38

    Technical Analyst, Ashwani Gujral is of the view that Cairn India can test Rs 300-360. It is the strongest stock in the market and it has good support at Rs 240.

  • HDFC Bank has support at Rs 1400: Gujral 

    9th May, 2008 10:32

    Technical Analyst, Ashwani Gujral is of the view that HDFC Bank has support at Rs 1400 and one can ride it upto Rs 1,650.

  • Nifty has support at 5062

    9th May, 2008 10:17

    According to Khandwala Securities Market Preview report, Sensex has a support at 17,050 and Nifty has it at 5,062.

  • Buy Genus Power Infra, tgt Rs 680: HEM Sec

    9th May, 2008 10:12

    HEM Securities has maintained buy rating on Genus Power Infrastructure with target price of Rs 680. The company is having expertise in power distribution mechanism

  • Texmaco to consider stk split, stk up 8%

    9th May, 2008 10:01

    At 10 am, the share was quoting at Rs 1,570, up Rs 118.65, or 8.18% on the NSE. The company is going to consider stock split on May 16, reports CNBC-TV18. It was t

  • Don't let inflation burn your wallet!

    9th May, 2008 10:00

    Our expert Sanjay Matai outlines a plan of action to help you beat this killer virus.

  • ONGC stuck in range of Rs 900-1000 

    9th May, 2008 09:53

    I am not surprised at ONGC is not keeping pace with Cairn India in fact gets stuck in the range of Rs 900-1,000 kind of mark because what profits will you make if

  • Markets may witness minor recoveries

    9th May, 2008 09:48

    According to Karvy Stock Broking Technical Analysis report, World markets have ended on a flat to positive note, domestic indices may be seen witnessing minor reco

  • Praj Ind an outperformer, tgt Rs 235: Karvy

    9th May, 2008 09:45

    Karvy has maintained outperformer rating on Praj Industries with target price of Rs 235. The revenue was in line with our expectations of Rs 2.19 billion. The comp

  • MindShare to now offer holistic brand solutions 

    9th May, 2008 09:42

    WPP's largest media agency, MindShare, which buys media worth Rs 2,000 crore in India alone, is now looking to offer holistic communications solutions to brands. M

  • Infinite Computer Solutions (India) files DRHP with SEBI

    9th May, 2008 09:39

    Infinite Computer Solutions (I) Ltd, a global IT solutions and services provider, has filed its Draft Red Herring Prospectus ("DRHP") with the Securities and Excha

  • Possibility of more downside in mkts: Brics Secs 

    9th May, 2008 09:35

    Anand Tandon of Brics Securties feels that in the absolute near-term, one may probably see some kind of a short covering - maybe a 100 points down from here on the

  • Birla Corporation Q4 net profit at Rs 86.5 cr

    9th May, 2008 09:28

    Birla Corporation has announced its results for the quarter ended March 2008 (Q4). The company's net profit was at Rs 86.5 crore versus Rs 101.1 crore.

  • La Mere Apparels to relist today

    9th May, 2008 09:15

    La Mere Apparels is going to list. There will be no circuit filter for the stock today.

  • FIIs net sell Rs 1235 crore in Nifty futures 

    9th May, 2008 09:08

    FIIs net sold Rs 1235 crore in Nifty futures and Rs 227 crore in Stock futures. Nifty futures added 1.8 lakh shares in Open Interest at 12-point premium. Nifty Ope

  • Jindal to be McCain's running mate in US elections? 

    9th May, 2008 09:05

    There's much speculation lately that the Republicans candidate Arizona Senator John McCain and his list of possibles for VP could include Bobby Jindal, the Governo

  • Rupee opens at Rs 41.74 per dollar

    9th May, 2008 09:01

    The Indian Rupee opened at Rs 41.74 per dollar versus Rs 41.75 yesterday.

  • Equity calls: Raychaudhuri, Thukral 

    9th May, 2008 08:54

    The Nifty should hold 5000 levels. Oil & Gas is still the sector to watch out fo, says Thukral.

  • Asian Central Banks concerned of inflation: Subodh Kumar  

    9th May, 2008 08:54

    Subodh Kumar, Chief Investment Strategist at Subodh Kumar & Associates on speaking to CNBC-TV18 opined that the major Asian Central Banks from India, from China an

  • Market cues: FIIs net buy $80.7 mn

    9th May, 2008 08:43

    Market cues: FIIs net buy $80.7 mn. MFs net sell Rs 23.1 cr in equity on May 7.

  • Stocks in news: Aro Granite Ind, S Kumar, Bharti Airtel

    9th May, 2008 08:33

    Stocks in news: Aro Granite Industries has board meeting on bonus issue. S Kumar has bought majority stake in Italian firm Klopman for EV of 70m euro. Bharti is se

  • 3i Infotech buys 26% in Locuz

    9th May, 2008 08:30

    3i Infotech has picked up 26 per cent stake in Hyderabad-based Locuz Enterprise Solutions, a specialist in IT infrastructure solutions and services.

  • Strong demand pushes crude to all-time high of $125.98/bbl

    9th May, 2008 08:28

    Crude prices climbed to a new record high of 124 dollars a barrel amid forecasts of stronger demand for distillate fuels, which included heating oil and diesel. An

  • Coal situation worsens at thermal stations

    9th May, 2008 08:27

    Coal reserves at power stations have hit a record low. Nearly a third of the country’s thermal stations are now reported to be facing “critical stocks”, where coal

  • Wall Street ends with moderate gain; Dow up 52 pts

    9th May, 2008 08:21

    US markets bounced back from the prior session's slide, led by techs and materials. Technology shares rebounded with Intel and Apple posting gains of over a percen

  • MF NAVs decline sharply as markets slip

    9th May, 2008 00:35

    Equity diversified NAVs declined sharply with weak advance:decline ratio of 3:206 as it was a lacklustre day for the markets, volumes were low. Technology, private

  • Infotech Enterprises bags 3 yr GIS/Data Mgmnt contract

    9th May, 2008 19:36

    Infotech Enterprises Limited, a Global Technology Solutions provider, head quartered at Hyderabad, announced today that it has been awarded a three year contract t

  • RIL to produce PE 100 Polyethylene Pipe grade

    9th May, 2008 19:25

    RIL now to produce PE 100 Polyethylene Pipe grade. M/s Bodycote Certifies RIL’s Relene 46GP003 with PE 100 certification May 9, 2008, Mumbai: Reliance received th

  • NCDEX-Trade details for May 08, 2008

    9th May, 2008 19:01

    NCDEX, 481 members (2,311 users) participated in trading on May 08, 2008 up to 5:00 pm and volumes were Rs 1,641 crore (one-way). There were more than 49,159 tra

  • Fitch assigns BBB+(ind)'/'F2+(ind) rtg to Neclife

    9th May, 2008 18:45

    Fitch Assigns 'BBB+(ind)'/'F2+(ind)' Rating to Nectar Lifesciences Limited's Bank Loan Facilities

  • TRAI reiterates stand on 3G auctions

    9th May, 2008 18:32

    The Telecom Regulatory Authority of India, or TRAI, has reiterated its stand on restricting 3G auctions to existing licence holders, reports CNBC-TV18. The Finance

  • Is Bobby Jindal Republican's Vice-President candidate? 

    9th May, 2008 18:18

    As Barack Obama and Hillary Clinton fight it out in the Democratic Presidential race, there has been much speculation on John McCain’s running mate for the white h

  • Jerry Koh to give insights on REITs & Private Equity:GIREM

    9th May, 2008 18:10

    GIREM announced that Mr Jerry Koh, Partner, Allen & Gledhill LLP will address the realty industry and share valuable insights on “The Road to REITs [Real Estate In

  • Automation Industry Association elects new President & VP

    9th May, 2008 18:01

    Automation Industry Association of India, the forum representing Industrial Automation companies in India has announced the appointment of Mr Sunil Khanna, Managi

  • Crude to touch $128/bbl by June: Religare Commodities 

    9th May, 2008 17:39

    Jayant Manglik, Head-Commodities, Religare Commodities said crude is a buy in fundamental terms. Manglik expects crude to touch USD 128 per barrel within a month.

  • LG launches 15.6 inches LCD monitor

    9th May, 2008 17:33

    LG Electronics India Pvt. Ltd, a worldwide leader in technological innovations announced the launch of its 15.6" Wide LCD monitor. The monitor boasts of high pictu

  • Yahoo! India launches Glue Pages Beta

    9th May, 2008 17:26

    Yahoo! India launches Glue Pages Beta. A New Concept in Online Search. Glue Pages Beta, which aggregates text, images, and video content, is available for select s

  • Asian Paints Q4 cons net profit at Rs 94.52 cr

    9th May, 2008 17:08

    Asian Paints has announced its fourth quarter numbers. It has posted consolidated net profit of Rs 94.52 crore as against Rs 63.92 crore in same period of last yea

  • ArcelorMittal outlines employee stock option,share purchase

    9th May, 2008 16:58

    ArcelorMittalShares is a global share options plan offered to ArcelorMittal executives around the world which aims to incentivize key managers on shareholder value

  • PEs bet on low cost homes 

    9th May, 2008 16:30

    The top end of the housing segment may be losing froth - now private equity players have zeroed on another high-growth segment, where they will pump in more than a

  • PriceGrabber.com examines online shopping trends

    9th May, 2008 16:25

    Online Shoppers Trust in the Internet for Home Furniture and Appliance Purchases. In the March survey, 53%of respondents indicated that Web sites are their primary

  • SBI Magnum Contra picks IT, banking; dumps pharma

    9th May, 2008 16:20

    SBI Magnum Contra Fund augmented its weightage to IT, banking, while slashed its exposure to pharma, engineering & capital goods, auto, oil & gas and cement.

  • Trane announce opening of Global Design Centre in Chennai

    9th May, 2008 16:16

    Trane announces opening of Global Design Centre in Chennai, India. The centre will support the India market and will be a global R&D facility for Trane controls. I

  • Tread carefully while investing in this stock

    9th May, 2008 16:01

    Aishwarya Telecom has seen huge trading activity in the last two days. 4 cr shares have been traded, 10 times its issue size. It has had a delivery of below 5% and

  • IndusInd Bk sees Re trading at Rs 41.20/$ in 2-3 days 

    9th May, 2008 15:56

    Ashit Parekh, Head Forex of Indusind Bank said that it is possible for the rupee to turaround to 41.20/USD.

  • Liquidity Adjustment Facility: Auction Results

    9th May, 2008 15:50

    Liquidity Adjustment Facility: Auction Results. The results of the RBI Repo/Reverse Repo auctions held on May 8, 2008.

  • Nissan appoints Hover as partner for India

    9th May, 2008 15:28

    Nissan appoints Hover as Marketing, Sales, Service & Dealer Development partner for India. Hover’s activities will complement those of Nissan Motor India Private L

  • See oil at $135/bbl in near term: Societe Generale 

    9th May, 2008 15:26

    Michael Whittner, Global Head Oil Research, Societe Generale desfinitely sees an upside in oil in near term. "I am not too sure about USD 200 in near-term. But for

  • UTI MF opens new Financial Centre at Noida

    9th May, 2008 15:18

    UTI Mutual Fund (UTI MF) today announces the opening of a new UTI Financial Centre (UFC) at Noida.

  • Piramal Glass cons revenues grew 21.8% to Rs 2.3bn

    9th May, 2008 15:09

    Piramal Glass Limited reports Q4FY2008 results; Consolidated Revenues grow 21.8% to Rs. 2.3 billion, Operating Profit grows 41.6% to Rs. 399.5 million; Net Loss do

  • Essar Oil drops further

    9th May, 2008 15:00

    At 2:58 pm, Essar Oil was quoting at Rs 264.80, down Rs 19.2, or 6.76%. It has touched an intraday high of Rs 288.50 and an intraday low of Rs 264.80. It was tradi

  • Kotak Mah Bk may face litigation on MTM losses 

    9th May, 2008 14:56

    Uday Kotak, Vice Chairman, Kotak Mahindra Bank said there is iimproved ROE in FY08 despite equity dilution. He told CNBC-TV18 that Kotak Mahindra Bank will up bran

  • Jaiprakash Associates slips further

    9th May, 2008 14:50

    At 2:42 pm, Jaiprakash Associates was quoting at Rs 259.90, down Rs 9.15, or 3.4%. It has touched an intraday high of Rs 270 and an intraday low of Rs 258.50. It w

  • Coromandel Fert has target of Rs 185: G Shah 

    9th May, 2008 14:49

    Gaurang Shah of Geojit Financial Services is of the view that Coromandel Fertiliser has target of Rs 185.

  • Apollo Tyres to invest €200m in Budapest plant 

    9th May, 2008 14:45

    Neeraj Kanwar, COO of Apollo Tyres said the company plans to increase its production facilities in Baroda. The company also plans to set up a new greenfeld plant

  • Gemstone, Synechron to provide distributed data mgmnt Sols

    9th May, 2008 14:42

    GemStone Systems, a leading provider of distributed data management and virtualization solutions, and Synechron, a global IT provider of high-end, customized, busi

  • Market hovering dangerously close to 5000 mark 

    9th May, 2008 14:39

    The last lap of trading for the week is not turning out to be very good. The week has been sticky and the end will not be very easy either, we are hovering dangero

  • Reliance Capital continues to slide

    9th May, 2008 14:31

    Reliance Capital has continued to slide. At 2:24 pm, the share was quoting at Rs 1,312.00, down Rs 72.9, or 5.26%. It was trading with volumes of 1,554,864 shares.

  • Reliance Industries tumbles 3%

    9th May, 2008 14:21

    At 2:13 pm, Reliance Industries was quoting at Rs 2,576.95, down Rs 89.2, or 3.35%. It has touched an intraday high of Rs 2,674 and an intraday low of Rs 2,575. I

  • Buy Pratibha Industries, target of Rs 480: PINC

    9th May, 2008 14:17

    PINC Research has maintained its buy rating on Pratibha Industries with a 12-month price target of Rs 480. Pratibha Industries Ltd’s (PIL’s) sales doubled to Rs 2.

  • HDFC Bank among major losers

    9th May, 2008 14:11

    HDFC Bank is among major losers on the Sensex. At 2:02 pm, the share was quoting at Rs 1,457, down Rs 51.4, or 3.41%. It was trading with volumes of 73,082 shares.

  • ACC top loser on the Sensex

    9th May, 2008 14:08

    ACC is the top loser on the Sensex. At 2 pm, the share was quoting at Rs 718, down Rs 25.25, or 3.4%. It was trading with volumes of 99,256 shares. Yesterday the s

  • Underwriting auctions for 7.59% Govt Stock 2016

    9th May, 2008 14:04

    Underwriting auctions for “7.59 percent Government Stock 2016” and "7.95 percent Government Stock 2032". Auctions for the above securities will be held on May 9, 2

  • Kotak Mah Bank Q4 cons net up 41% at Rs 240 cr

    9th May, 2008 13:55

    Kotak Mahindra Bank reported Q4FY08 consolidated net profit of Rs 240 crore (CNBC-TV18 estimated at Rs 221.27 crore) as against Rs 170.33 crore in same period of l

  • Kotak Mah Bk FY08 net seen up 81% at Rs 972 cr 

    9th May, 2008 13:44

    Kotak Mahindra Bank is to announce its Q4 and FY08 numbers. According to CNBC-TV18 estimates, the bank is expected to post 29.9% growth in its Q4 net profit at Rs

  • Mkts to stay range bound; inflation to stay between 7-8% 

    9th May, 2008 13:39

    Vikram Kotak, CIO of Birla Sun Life Insurance said that the market is going to trade in a range between 15,000-18,000 for next four-five months. He expects inflati

  • Apollo Tyre FY08 cons net profit at Rs 269.7 cr

    9th May, 2008 13:32

    Apollo Tyre has announced its FY08 results. The company's consolidated net profit was at Rs 269.7 crore versus Rs 117 crore.

  • See strong Nifty support at 4,940: K&A Sec 

    9th May, 2008 13:21

    Sushil Kedia of K&A Securities said 4,940 is the number which has a much stronger support. 5,000 really has nothing discernable left in the recent past to act as a

  • Nagarjuna Const takes dip

    9th May, 2008 13:13

    At 1:04 pm, Nagarjuna Construction Co. was quoting at Rs 209.15, down Rs 9.65, or 4.41%. It has touched an intraday high of Rs 219.75 and an intraday low of Rs 208

  • Cross-Tab ranks 78th in IAOP Global Outsourcing Leaders

    9th May, 2008 13:08

    The International Association of Outsourcing Professional has ranked Mumbai Based cross-tab market research KPO as 3rd in global outsourcing rising star. Cross-Tab

  • DLF has support at Rs 580-590: Mathew 

    9th May, 2008 12:58

    Technical Analyst, E Mathew is of the view that DLF has support at Rs 580-590. On the up side it is going to face a lot of resistance between Rs 680 and Rs 720. Th

  • Gift your Mother with flowers & jewellery using OxiCash

    9th May, 2008 12:50

    Gift your Mother with Flowers and Jewellery on Mother’s Day using OxiCash

  • Buy Jindal Saw, target of Rs 1045: Emkay

    9th May, 2008 12:41

    Emkay Research has maintained its buy rating on Jindal Saw with a revised target price of Rs 1045. Jindal Saw (JSL) has declared its Q1CY08 results which are inlin

  • Max India shoots up smartly

    9th May, 2008 12:39

    At 12:31 pm, Max India was quoting at Rs 160.30, up Rs 11.30, or 7.58%. It has touched an intraday high of Rs 172 and an intraday low of Rs 150.50. It was trading

  • 9X hits century on TAM & aMap

    9th May, 2008 12:31

    For the second week running, on both TAM and aMap, 9X is No. 3 Hindi General Entertainment Channel in both C&S 15-24 yrs and in C&S 4+ yrs in Week 18 – 2008. In th

  • Godrej Industries bounces back

    9th May, 2008 12:29

    At 12:22 pm, Godrej Industries was quoting at Rs 306.70, up Rs 21.80, or 7.65%. It Ind has touched an intraday high of Rs 311 and an intraday low of Rs 280.15. It

  • ACC assures stability of cement prices

    9th May, 2008 12:22

    Responding to concerns expressed by the Government, ACC, as a leading cement producer in the country, has decided to hold its cement prices over the coming 2-3 mon

  • UB Holdings marches ahead

    9th May, 2008 12:11

    At 12:02 pm, United Breweries Holdings was quoting at Rs 760, up Rs 59.90, or 8.56%. It has touched an intraday high of Rs 760 and an intraday low of Rs 695.25. It

  • SBI Blue Chip Fund sells engg, oil; bets on IT, banking

    9th May, 2008 12:04

    SBI Blue Chip Fund has reduced exposure to engineering, oil & gas, pharma and auto while increased weightage to bank, utilities and IT.

  • Crude prices continue to trade near record highs 

    9th May, 2008 12:00

    Crude: It has opened with strength in the Indian markets today mirroring the international markets. Crude prices continue to trade near record highs. USD 124.6/bbl

  • VoiceStream acquires major stake in Helios Outsourcing

    9th May, 2008 11:55

    Scotland based VoiceStream group of Companies has acquired 75% stake in the Chennai based firm Helios Outsourcing. The $25 million VoiceStream will invest aro

  • ArcelorMittal files suit against Esmark/E2

    9th May, 2008 11:49

    ArcelorMittal (NYSE: MT) today announced that it filed suit against Esmark Inc., E2 Acquisition Corporation (Esmark/E2) in the Supreme Court of the State of New Yo

  • Angel is neutral on Tata Steel

    9th May, 2008 11:35

    Angel Broking has maintained its neutral rating on Tata Steel. Tata Steel has raised Rs 2,000 crore through a private placement of redeemable nonconvertible debent

  • Don’t be “tempted” to buy shares. Buy MFs!

    9th May, 2008 11:33

    Do we have sufficient capital, knowledge, expertise, time & resources to enter the difficult terrain of equity markets? In short, are we smarter than the fund mana

  • Buy Shiv Vani Oil, target of Rs 725: Sharekhan

    9th May, 2008 11:24

    Sharekhan has maintained its buy rating on Shiv Vani Oil & Gas Exploration Services with a revised price target of Rs 725. Shiv-Vani Oil & Gas Exploration (Shiv-Va

  • Indian GDRs: ITC plunges 5.5%, Gail down 4%

    9th May, 2008 11:19

    Indian GDRs: ITC, Gail, ICICI Bank, L&T, SBI, Mahindra, Reliance and Tata Motors gained.

  • Buy Bharti Airtel: Gujral 

    9th May, 2008 11:08

    Technical Analyst, Ashwani Gujral is of the view that one can buy Bharti Airtel.

  • Inflation@7.61%; Cement cos may have to cut prices 

    9th May, 2008 11:01

    Inflation for the week-ended April 26 is at 7.61% versus 7.57%. Finance Minister P Chidambaram said the current levels indicate that inflation is stable. The gover

  • Oil subsidy sharing formula decided arbitrarily: Subir Raha 

    9th May, 2008 10:56

    Subir Raha, EX-Chairman, ONGC feels that the oil subsidy sharing formula is purely an arbitrary decision. The downstream companies’ ability to honour credit facili

  • Accumulate Ramsarup Industries: Networth

    9th May, 2008 10:48

    Networth Stock Broking has recommended an accumulate rating on Ramsarup Industries. The company has lined up an investment of Rs 1,500 crore over the next two year

  • Kotak Mahindra Bk Q4 net seen up 29.9% at Rs 221.27 cr

    9th May, 2008 10:48

    Kotak Mahindra Bank is to announce its Q4 and FY08 numbers. According to CNBC-TV18 estimates, the bank is expected to post 29.9% growth in its Q4 net profit at Rs

  • Mkts need time to factor in crude prices: Alchemy 

    9th May, 2008 10:46

    KN Vaidyanathan, CEO of Alchemy Capital Management feels that the market would struggle to find a bottom over the next year and the volatility in the market not ov

  • Market is expected to remain sideways

    9th May, 2008 10:34

    According to Networth Stock Broking Market Review report, Market is expected to remain sideways. Sensex faces resistance at 17,183-17,285-17,358 and support at 17,

  • 3i Infotech acquires 26% stake in Locuz Enterp, stk up 3.1%

    9th May, 2008 10:21

    At 10:12 am, 3i Infotech was quoting at Rs 131, up Rs 4, or 3.15%. The company has acquired strategic 26% stake in Locuz Enterprise Solutions, reports CNBC-TV18. I

  • PTC to buy coal mine in Indonesia, stk up

    9th May, 2008 10:15

    At 10:06 am, PTC India was quoting at Rs 99, up Rs 1.40, or 1.43%. The renewed interest in the stock may be due to the reports in DNA that the company will buy coa

  • Bharti set to dilute equity for MTN buy, stk up

    9th May, 2008 10:10

    At 10 am, Bharti Airtel was quoting at Rs 836.65, up Rs 9.05, or 1.09%. The buying interest in the stock may be due to the reports in the Business Standard that th

  • Subscribe to Gokul IPO with medium term view: Keynote

    9th May, 2008 10:00

    Gokul Refoils and Solvent's issue has opened for subscription with its initial public offering (IPO) of 7.2 million equity shares of face value Rs 10 each. Keynote

  • Fair value for ITC at Rs 180-190 

    9th May, 2008 09:55

    FMCG might be a good defensive sector, but doesn't seen that either for Hindustan Unilever or for ITC valuations are very supportive for great outperformance in th

  • Nifty may head to 4,900 before reversing: Ashwani Gujral 

    9th May, 2008 09:52

    Technical Analyst Ashwani Gujral said, "In 2006 markets bounced back from 2,600 up to 3,200 and then gave back 50% of that and consolidated around 2,900." Since we

  • Nifty has support at 5050-5030: Angel

    9th May, 2008 09:47

    According to Angel Broking Technical Analysis report, on the downside, 200 day EMA (5050 – 5030 levels) likely to act as a support. The immediate resistance is at

  • US markets end higher 

    9th May, 2008 09:42

    It was an up day on Wall Street as strength in energy and mining stocks offset another weak day for financials. The Dow rose 52 points, the S&P added 5 and the Nas

  • Nifty may correct upto 5048-5015: Angel

    9th May, 2008 09:42

    According to Angel Broking Market Outlook report, if Nifty trades below 5096 for the first half-an-hour of trade then it may correct upto 5048 - 5015.

  • Mkt ends with deep cut; Sensex below 17000 mark

    9th May, 2008 09:38

    The markets witnessed huge selling pressure in late trade due to big weakness in oil & gas, realty, banking, capital goods and power stocks. Higher inflation numbe

  • JB Chemicals Q4 net profit at Rs 10 cr

    9th May, 2008 09:33

    JB Chemicals and Parmeceuticals has declared its results for the quarter ended (Q4). The company's net profit was at Rs 10 crore versus Rs 10.9 crore.

  • Mkts to grind in a bit of a range today  

    9th May, 2008 09:20

    It's the last trading day of what’s been a very tepid week for our markets; the last few weeks have been good. But this week has been very average, volumes have be

  • Voltamp Transformers Q4 net profit at Rs 21.6 cr

    9th May, 2008 09:12

    Voltamp Transformers has declared its results for the quarter ended March 2008 (Q4). The company's net profit was at Rs 21.6 crore versus Rs 13.7 crore.

  • Support for Sensex at 16805

    9th May, 2008 09:07

    The support for the Sensex is at 16805 and the resistance to the up move at 17240-17270.

  • Buy MCX June Gold on dips to Rs 11600

    9th May, 2008 09:02

    For gold, one could buy MCX June on dips to Rs 11,600 per 10 grams with a target of Rs 12,080 per 10 grams, says Kumar.

  • Frankfinn plans to come out with IPO next year

    9th May, 2008 08:58

    Moving forward with its plans to launch a low-cost airline service, Frankfinn Aviation is now mulling a full service airline operation by 2009 end or the beginning

  • Money calls: Bhandari, Venkatraman

    9th May, 2008 08:54

    The bond market is likely to be rangebound in early trade as all eyes would be on the inflation data, says Bhandari.

  • F&O cues: Futures Open Interest up by Rs 92 cr

    9th May, 2008 08:51

    F&O cues: Nifty Futures add 1.8 lakh shares in Open Interest. Futures Open Interest up by Rs 92 crore and Options Open Interest up by Rs 241 crore.

  • Nifty likely to witness range of 5130-5030

    9th May, 2008 08:40

    The coming session is likely to witness a range of on 5130 advances and 5030 on declines. The 5095 will be a bearish pivot for Friday below which the players may e

  • Interest rates likely to remain stable for now, says Kamath

    9th May, 2008 08:31

    Interest rates are likely to remain stable in the near term and liquidity in the system is quite good, according to Mr K.V. Kamath, President, Confederation of Ind

  • ACC to hold cement prices for 2-3 months

    9th May, 2008 08:29

    ACC Ltd said it has decided to hold its cement prices over the next 2-3 months. The cement major said it was responding to concerns expressed by the Government on

  • Fund Action witnessed in stocks on 8th May

    9th May, 2008 08:28

    On May 8, fund action was witnessed in Dishman Pharma, HOEC, Indiabulls securities, Ankit metal, Max India and Pioneer Embroideries.

  • Indian ADRs: ICICI Bank, Patni down

    9th May, 2008 08:26

    Indian ADRs: ICICI Bank, Patni, Tata Motors, Infosys was down.

  • Asian markets end lower

    9th May, 2008 08:19

    Asian markets ended lower. Shanghai Composite was down 1.19% or 43.35 points at 3,613.49. Hang Seng fell 1.52% or 386.62 points at Hang Seng 25,063.17. Nikkei 225

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